Quest Laboratories Limited — Board Meeting, 27-01-2025: Outcome of Board Meeting

The Board of Directors of Quest Laboratories has approved several key decisions in their recent meeting. They will vary the terms of the utilization of proceeds from the Initial Public Offer, pending shareholder approval. A draft Postal Ballot notice has been prepared to solicit shareholders' consent for this change, with a cut-off date established for voting on January 24. The appointment of M/s Shilpesh Dalal & Co. as scrutinizer has also been confirmed. Notably, a proposal to adopt quarterly financial results instead of half-yearly was not approved.